Comcast He reported the loss of many broadband subscribers than expected and topped the fourth quarter of the Wall Street, despite stagnating paid subscribers, streaming services.
Wall Street is particularly focused on the broadband business of cable companies, and is in a higher customer growth due to the strengthening of the competition with wireless companies.
At the same time, streaming was the best heart for the street. Currently, profitability is considered an important scale of success, but investors are paying attention to the addition of recent subscribers by major players since the introduction of cheaper and more advertising -supported layers.
COMCAST reported on Thursday that it had lost 139,000 housing broadband customers in the fourth quarter. This has exceeded 100,000 losses in COMCAST CABLE CEO Dave Watson in charge of telegraph at an investor meeting.
On Thursday’s investor’s call, Combast President Mike Kabana said that the loss of the broadband was “worse and worse than what we showed in early December.”
The company also reported on Thursday that PeaCock had 36 million subscribers in the most recent quarter, but flat compared to the previous year. According to SteetAccount’s estimation, Wall Street was looking for 37.56 million total salary subscribers.
COMCAST shares decreased by 11 % on Thursday.
Compared to the estimates of LSEG’s average analyst, the company shows this quarterly performance:
Remarks per share: 96 cents adjusted vs 86 cents forecast re -evaluation: $ 319.2 billion vs. 31,644 million dollars
The net income due to the quarterly Comfort ended on December 31 increased to about 47 % and 1.24 per share compared to $ 3.26 billion of the previous year or 81 cents per share. It was a dollar.
COMCAST coordinates one -time items, including the interest paid and the value of a specific asset, and reported 96 cents per share per share during that period.
Interest, tax, depreciation, and adjusted revenue before depreciation increased by about 10 % to $ 88.1 billion.
In addition to the increase in broadband revenue, Comfort’s overall revenue increased by 2 % to $ 319.2 billion. This is due to the increase in segments such as mobile business, movie studio, and streaming service Peacock. In the fourth quarter of 2023, COMCAST reported a $ 312.5 billion revenue.
Despite the deceleration of the growth of broadband customers in the cable industry, business is an important driver with a balance sheet like ComCast, as the average income per user is increasing.
Broadband is part of the Connection and platform segment of Comfort, which also contains Xfinity Mobile Wireless, which started in 2017. The company surpassed the 7.8 million mobile lines, and the revenue from the unit has helped to promote the overall housing connection.
COMCAST’s executive said on Thursday that it would add more lines and focus on a mobile business to further bundle with broadband. Watson said on Thursday that the company would “put a pedal” in the second quarter of mobile initiatives.
COMCAST lost 311,000 cable TV customers in the fourth quarter.
Meanwhile, the contents and expense businesses of companies, including NBCUNIVERSAL’s television networks and streaming movie studios and theme parks, were about $ 12.08 billion in the fourth quarter of the fourth quarter.
Media -segment revenue, including TV networks, increased by 3.5 % to about $ 7.22 billion. In other words, since the number of paid subscribers on the platform has increased from the previous year, the revenue of Peacock increased. The overall domestic advertisement of media segments was flat, but the TV network looked less.
According to SteetAccount’s estimation, the media segment reported $ 298 million in the adjusted EBITDA and reported that the quarter had not reached the $ 337.1 million Walste trout. The remaining business of content and experience segment defeated the estimated value of the StreetAccound, including the overall adjusted EBITDA.
November, COMCAST is CNBC, MSNBC, E! , Announced to spin off a cable network channel, a portfolio that contains SYFY, USA, oxygen, and golf channel. It is expected to take about a year to include digital assets such as Fandango and rotten tomatoes. NBC broadcaster network, cable channel Bravo, and Peacock are limited to Comcast.
Peacock is heading for profitability in recent quarters. On Thursday, COMCAST reported that Peacock’s four -quarter revenue was $ 1.3 billion, and the adjusted EBITDA loss was $ 372 million.
The growth of Peacock subscribers often rises behind the major live sporting events on the platform. The summer Olympics in Paris were important drivers in the third quarter of the third quarter of the third quarter. The exclusive NFL game supports the pads of the streamer, and the company has advertised the addition of NBA and WNBA next season.
Universal Studio’s revenue increased by 6.7 % to $ 3.27 billion, and EBITDA with segmented segments increased by 85 % to $ 569 million. “Robot” and “wiced).
On the other hand, the income of the theme park was flat because of the low attendance rate in domestic places.
Disclosure: COMCAST owns CNBC’s parent company nbcuniversal. NBCUNIVERSAL has the NBC Sports and the NBC Olympics. The NBC Olympics are US broadcasting rights for all summer and winter games up to 2032.
